As Agent Bank, please be advised of the following rate determined on: 26-Nov-2008
Issue               : The Royal Bank of Scotland - Series 2962
                      USD 50,000,000 FRN due 28 May 2013
ISIN Number         : XS0365919512
Common Code/        : 36591951
144A ISIN
Issue Nomin     USD : 50,000,000.00
Period              : 28-Nov-2008 to 27-Feb-2009     Payment Date 27-Feb-2009
Number of Days      : 91
Rate                : 3.03125
Denomination     US : 100,000.00       50,000,000.0
Amount Payable      : 766.23         383,116.32
per Denomination
Bank of New York
Rate Fix Desk                           Telephone  44 1202 689580
Corporate Trust Services                Facsimille 44 1202 689601
    


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